DT Midstream (NYSE:DTM) Given New $105.00 Price Target at Morgan Stanley

DT Midstream (NYSE:DTM) had its price objective raised by Morgan Stanley from $92.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 3.84% from the company’s current price.

Several other research firms have also issued reports on DTM. Bank of America assumed coverage on DT Midstream in a research report on Monday. They set a “buy” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Barclays decreased their price objective on shares of DT Midstream from $112.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group started coverage on DT Midstream in a report on Wednesday, March 12th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, DT Midstream has an average rating of “Hold” and a consensus target price of $103.45.

DT Midstream Price Performance

Shares of DT Midstream stock opened at $101.11 on Tuesday. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 24.60 and a beta of 0.80. The company has a fifty day moving average of $100.02 and a 200-day moving average of $95.39. DT Midstream has a 52-week low of $59.00 and a 52-week high of $114.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Buying and Selling

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of DT Midstream stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $86.92 per share, with a total value of $86,920.00. Following the completion of the purchase, the director now owns 38,653 shares in the company, valued at $3,359,718.76. The trade was a 2.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have acquired 1,170 shares of company stock worth $103,357. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Natixis Advisors LLC lifted its stake in DT Midstream by 10.6% in the third quarter. Natixis Advisors LLC now owns 24,568 shares of the company’s stock worth $1,933,000 after acquiring an additional 2,356 shares during the period. Pathstone Holdings LLC grew its position in shares of DT Midstream by 3.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,679 shares of the company’s stock worth $1,633,000 after buying an additional 668 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of DT Midstream by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,156,598 shares of the company’s stock worth $90,978,000 after buying an additional 267,269 shares during the last quarter. Cerity Partners LLC lifted its position in DT Midstream by 29.2% during the third quarter. Cerity Partners LLC now owns 13,996 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,161 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of DT Midstream during the third quarter worth $564,000. Institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.